Regulatory9 May 2026, 03:40 pm
Udayshivakumar Infra: Fund Utilization Deviation Statement
AI Summary
Udayshivakumar Infra Ltd filed a statement of deviation or variation in utilization of funds raised through its IPO for the quarter and financial year ended March 31, 2026. The company raised ₹6,599 Lakhs via IPO in March 2023. The filing confirms that there is no deviation or variation in the use of funds. The unutilized proceeds have been temporarily invested in bank accounts and deposits with State Bank of India.
Key Highlights
- Udayshivakumar Infra reports no deviation in IPO fund utilization for FY26.
- IPO raised ₹6,599 Lakhs through the issuance of 1,88,57,142 equity shares.
- Unutilized IPO proceeds are temporarily invested in bank accounts and deposits.
- The IPO was conducted in accordance with SEBI regulations.
Price Impact
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